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Korea - Inflation Rate 1973

Name: Korea Inflation Rate 1973
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Consumer price inflation, annual % · World Bank

3.22% −8.47pp from 1972 Global rank: 2nd

Korea's inflation rate was 3.22% in 1973, decreased +8.47pp from 11.69% in 1972. This was the 2nd highest globally.

Global Ranking - 1973▾

Inflation Rate by Country - 1973
Rank	Country	Value	YoY
1st	Poland	2.48%	2,602.5%
2nd	Korea	3.22%	-72.4%
3rd	Solomon Islands	3.23%	-53.1%
4th	Hungary	3.39%	-
5th	Togo	3.62%	-53.2%
6th	Morocco	4.08%	8.7%
7th	Iraq	4.89%	-5.7%
8th	Egypt, Arab Republic of	5.11%	143.2%
9th	Honduras	5.19%	43.8%
10th	Nigeria	5.40%	56.3%
11th	Bahamas, The	5.48%	-19.7%
12th	Burundi	6.01%	56.9%
13th	Luxembourg	6.07%	16.1%
14th	Madagascar	6.12%	8.8%
15th	Algeria	6.17%	68.8%
16th	United States	6.18%	88.8%
17th	Gabon	6.21%	78.0%
18th	El Salvador	6.39%	316.4%
19th	Sweden	6.72%	11.8%
20th	Panama	6.86%	26.7%
21st	Gambia, The	6.92%	-20.5%
22nd	Belgium	6.96%	27.7%
23rd	Germany	7.03%	28.2%
24th	France	7.38%	21.7%
25th	Norway	7.42%	2.2%
26th	Canada	7.49%	50.1%
27th	Austria	7.53%	18.5%
28th	Burkina Faso	7.60%	360.1%
29th	Malta	7.69%	128.0%
30th	European Union	7.75%	29.0%
31st	Cyprus	7.81%	61.6%
32nd	Libya	7.97%	3,275.4%
33rd	Netherlands	8.02%	2.8%
34th	New Zealand	8.17%	17.8%
35th	Kuwait	8.27%	-
36th	Papua New Guinea	8.34%	37.3%
37th	Switzerland	8.75%	31.5%
38th	Australia	9.09%	50.9%
39th	United Kingdom	9.20%	30.1%
40th	Kenya	9.28%	59.2%
41st	Denmark	9.30%	41.8%
42nd	Rwanda	9.37%	203.1%
43rd	South Africa	9.43%	46.8%
44th	Peru	9.49%	31.4%
45th	Sri Lanka	9.63%	51.6%
46th	Iran, Islamic Republic of	9.82%	53.5%
47th	Cameroon	10.38%	28.3%
48th	Tanzania	10.40%	36.2%
49th	Malaysia	10.56%	226.8%
50th	Finland	10.75%	61.4%
51st	Italy	10.80%	87.8%
52nd	Fiji	11.09%	-49.6%
53rd	Côte d'Ivoire	11.10%	3,478.0%
54th	Jordan	11.13%	45.3%
55th	Senegal	11.29%	83.4%
56th	Ireland	11.41%	32.6%
57th	Spain	11.42%	38.0%
58th	Nepal	11.43%	36.2%
59th	Eswatini	11.54%	387.8%
60th	Japan	11.61%	139.7%
61st	Samoa	11.76%	56.7%
62nd	Niger	11.79%	20.9%
63rd	Mexico	12.08%	144.4%
64th	Dominica	12.10%	228.1%
65th	Ecuador	12.13%	61.2%
66th	Paraguay	12.80%	39.4%
67th	Suriname	12.94%	300.1%
68th	Portugal	12.97%	21.7%
69th	St. Lucia	13.44%	70.6%
70th	Mauritius	13.45%	149.3%
71st	Guatemala	13.80%	2,504.5%
72nd	Türkiye	13.94%	-9.6%
73rd	Bahrain	14.33%	181.7%
74th	Trinidad and Tobago	14.81%	59.2%
75th	Dominican Republic	15.08%	74.5%
76th	Costa Rica	15.21%	230.7%
77th	Sudan	15.29%	12.8%
78th	Greece	15.38%	255.2%
79th	Thailand	15.51%	220.6%
80th	Congo, Democratic Republic of	15.64%	-1.0%
81st	Saudi Arabia	16.51%	281.3%
82nd	Philippines	16.58%	102.1%
83rd	Barbados	16.86%	41.9%
84th	India	16.94%	163.0%
85th	Jamaica	17.68%	225.8%
86th	Ghana	17.68%	75.7%
87th	Seychelles	18.24%	-12.9%
88th	Singapore	19.64%	843.7%
89th	Israel	20.03%	55.5%
90th	Syrian Arab Republic	20.36%	870.3%
91st	Iceland	21.35%	117.7%
92nd	Colombia	22.53%	81.0%
93rd	Haiti	22.74%	612.9%
94th	Pakistan	23.07%	345.1%
95th	Myanmar	25.20%	229.7%
96th	Indonesia	31.04%	376.0%
97th	Bolivia, Plurinational State of	31.49%	383.5%
98th	Uruguay	97.00%	26.8%
99th	Chile	352.81%	353.5%

FAQ

What was Korea's inflation rate in 1973?▾

Korea's inflation rate in 1973 was 3.22%. This ranked 2nd globally.

How did Korea's inflation rate change in 1973?▾

Korea's inflation rate decreased by 72.4% in 1973 compared to 1972.

Which country had the highest inflation rate in 1973?▾

Chile had the highest inflation rate in 1973 at 352.81%.

What is the inflation rate of Korea in 1973?▾

The inflation rate of Korea in 1973 was 3.22%. This ranked 2nd globally.

How does 1973 compare to 1972 for Korea's inflation rate?▾

Korea's inflation rate went from 11.69% in 1972 to 3.22% in 1973, a 72.4% decrease.

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